Key Points
- Insider sale: MaxLinear insider Steven Litchfield sold 20,000 shares on March 6 at an average price of $15.68 for $313,600, trimming his stake by 5.5% to 343,435 shares (≈$5.39M).
- Mixed quarterly results: MaxLinear reported $0.19 EPS (vs. $0.18 consensus) and revenue of $136.44M (up 48% YoY), but still has a negative net margin (-29.23%) and negative ROE, with analysts projecting -0.37 EPS for the year.
- Capital actions and market snapshot: The board authorized a $75.0 million buyback (up to ~5.8% of shares); the stock trades around $15.7 with a market cap of ~$1.36B and a 12‑month range of $8.35–$20.82.
MaxLinear, Inc (NASDAQ:MXL - Get Free Report) insider Steven Litchfield sold 4,929 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $16.81, for a total transaction of $82,856.49. Following the transaction, the insider directly owned 363,435 shares in the company, valued at approximately $6,109,342.35. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
MaxLinear Price Performance
Shares of MXL traded down $0.67 during trading hours on Friday, reaching $15.72. The company had a trading volume of 1,290,362 shares, compared to its average volume of 1,032,073. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. MaxLinear, Inc has a 12-month low of $8.35 and a 12-month high of $20.82. The firm has a 50 day simple moving average of $18.36 and a 200-day simple moving average of $16.92. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -9.95 and a beta of 1.70.
MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. MaxLinear had a negative net margin of 29.23% and a negative return on equity of 6.95%. The firm had revenue of $136.44 million for the quarter, compared to the consensus estimate of $134.82 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The firm's revenue was up 48.0% on a year-over-year basis. Research analysts expect that MaxLinear, Inc will post -0.37 earnings per share for the current year.
MaxLinear announced that its board has initiated a share buyback plan on Monday, November 24th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of MaxLinear in a report on Thursday, January 22nd. Benchmark boosted their target price on MaxLinear from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, January 16th. Finally, Wells Fargo & Company upped their target price on MaxLinear from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MaxLinear currently has an average rating of "Hold" and an average price target of $19.57.
Get Our Latest Stock Report on MXL
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company's stock valued at $25,000 after buying an additional 875 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of MaxLinear by 103.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 726 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of MaxLinear in the fourth quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of MaxLinear in the fourth quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of MaxLinear by 97.0% in the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 1,039 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.
About MaxLinear
(
Get Free Report)
MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company's product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.
MaxLinear's semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.
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